Onetech Solutions Holdings Bhd (XKLS:03041) Days Payable : 19.61 (As of Jun. 2024)

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What is Onetech Solutions Holdings Bhd Days Payable?

Onetech Solutions Holdings Bhd's average Accounts Payable for the six months ended in Jun. 2024 was RM0.22 Mil. Onetech Solutions Holdings Bhd's Cost of Goods Sold for the six months ended in Jun. 2024 was RM2.01 Mil. Hence, Onetech Solutions Holdings Bhd's Days Payable for the six months ended in Jun. 2024 was 19.61.

The historical rank and industry rank for Onetech Solutions Holdings Bhd's Days Payable or its related term are showing as below:

XKLS:03041' s Days Payable Range Over the Past 10 Years
Min: 1.82 Med: 17.47 Max: 31.11
Current: 18.2

During the past 6 years, Onetech Solutions Holdings Bhd's highest Days Payable was 31.11. The lowest was 1.82. And the median was 17.47.

XKLS:03041's Days Payable is not ranked
in the Software industry.
Industry Median: 48.43 vs XKLS:03041: 18.20

Onetech Solutions Holdings Bhd's Days Payable increased from Jun. 2023 (15.90) to Jun. 2024 (19.61). It may suggest that Onetech Solutions Holdings Bhd delayed paying its suppliers.

Onetech Solutions Holdings Bhd Days Payable Historical Data

The historical data trend for Onetech Solutions Holdings Bhd's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Onetech Solutions Holdings Bhd Days Payable Chart

Onetech Solutions Holdings Bhd Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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17.22

26.39

31.11

10.59

17.72

Onetech Solutions Holdings Bhd Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial					10.82	10.36	15.90	19.94	19.61

Competitive Comparison of Onetech Solutions Holdings Bhd's Days Payable

For the Information Technology Services subindustry, Onetech Solutions Holdings Bhd's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Onetech Solutions Holdings Bhd's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Onetech Solutions Holdings Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where Onetech Solutions Holdings Bhd's Days Payable falls into.

Onetech Solutions Holdings Bhd Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Onetech Solutions Holdings Bhd's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.117	+	0.289)	/	2 )	/	4.181	*	365
=	0.203					/	4.181	*	365
=	17.72

Onetech Solutions Holdings Bhd's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (0.289	+	0.142)	/	2 )	/	2.006	*	365 / 2
=	0.2155					/	2.006	*	365 / 2
=	19.61

Onetech Solutions Holdings Bhd Days Payable Related Terms

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Onetech Solutions Holdings Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Onetech Solutions Holdings Bhd (XKLS:03041) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sunway Geo Avenue, B-SG-36, Level SG, Block B, Jalan Lagoon Selatan, Sunway South Quay, Bandar Sunway, Subang Jaya, SGR, MYS, 47500

Website

http://www.onetechholdings.com

Onetech Solutions Holdings Bhd principally involved in the provision of enterprise software solutions. It provides software licensing and IT services which include IT consulting, training, system integration, software customisation and upgrade, implementation and maintenance support services.

Onetech Solutions Holdings Bhd Headlines

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